For the Pakistani economy, the IMF bailout is key to its economy. In the week ending 25 April, Pakistan’s total foreign exchange reserves stood at $15.25 billion.
The growth projections for the US seem to be at odds with rising probability of recession put out by various agencies. Tariffs may weigh on US & China the most.
Pakistani economists have welcomed the government's decision to fully open the economy to foreign competition by reducing average import tariffs to 7.1% over five years.
The International Monetary Fund report states that policy uncertainty has surged since 2023 & remains high, leading to projects being abandoned or stalled.
For India, IMF has maintained its growth estimate at 7% for 2024-25, followed by 6.5 per cent next year. Slowdown from 8.2% growth in 2023 is attributed to exhaustion of pent-up demand.
Speaking at an event at Delhi School of Economics, IMF's First Deputy Managing Director also points out that reforms like investment in education, infra, health should be increased.
India participated in BRICS Foreign Ministers’ Meeting which began in Russia Monday, the first assignment for India’s foreign policy under third consecutive term of PM Modi.
Many 'independent' reports, intended to shape policies, are sponsored by industry groups or entities with deep pockets and vested interests. This process must become transparent.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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